HONG KONG SAR – Media OutReach – 22 February 2022 – Hong Kong is famous for its simple taxation system and low tax rate, so would most probably be the first set-up to consider when investors enter the Asian market (particularly the Mainland China market). However, without a better understanding of the benefits, investors may not realise just how attractive Hong Kong is. Cheng & Cheng Taxation […]
Arabian Post Staff IMF has commended the UAE authorities on a successful vaccination program and prompt policy response to combat the effects of the pandemic and welcomed the economic recovery underway. This is mentioned in the IMF board’s 2021 Article IV consultations with the UAE authorities. Noting that significant downside risks remain, the Fund encouraged the authorities to pursue further efforts to maintain macro-financial stability, strengthen fiscal […]
HONG KONG SAR – Media OutReach – 17 February 2022 – Cyberport and Google Hong Kong today announced the launch of “Igniting Startups & FinTechs Program”, which aims to best support Hong Kong start-ups and FinTech innovations. The programme will be made available to all Cyberport Community start-ups, providing them with Google Cloud credits, special discounts in Google Maps Platforms, as well as dedicated digital upskilling training and technical support. […]
As President Joe Biden walked through the doors of the Oval Office last year, high on his agenda was bringing some normalcy to the country’s increasingly contentious relations with military superpower Russia. After all, he had sought to calm nerves by touting all throughout the campaign his decades of foreign affairs experience to restore the geopolitical US-based order and deal with the many headwinds prevailing in the […]
By Suraj Tiwari The pandemic has shifted the travel process, and it’s brought the airport experience to the forefront. With travel restrictions easing globally, border control authorities are likely to spend more time scrutinising travellers’ records, given the added need to review health credentials and vaccination statuses. While biometric identity management systems have helped improve this situation to some extent by enabling officials at border gates to […]
SINGAPORE – Media OutReach – 17 February 2022 – Recently, ChainUP, the world’s leading blockchain technology service provider, launched the NFT trading platform solution -MetaBazaar software package. The system aims to provide NFT technical infrastructure services for people who love NFT, build a one-stop NFT (non fungible token) trading platform, quickly reduce the industry entry threshold and improve the industry efficiency. MetaBazaar provides transactions of collectibles, artworks, […]
By Arabian Post Staff Banks in the UAE will benefit from the planned increase in interest rates by the U.S. Federal Reserve, which the Central Bank of the UAE (CBUAE) will likely mirror because the UAE dirham is pegged to the U.S dollar, S&P said in a report. S&P Global economists expect the Fed to raise rates six times this year starting in March, and five more […]
Arabian Post Staff By 2025, privacy lawsuits and claims related to biometric information processing and cyber-physical systems will have resulted in over $8 billion in fines and settlements, according to Gartner, Inc. “Autonomous vehicles, drones that capture video, smart buildings and smart cities are cyber-physical systems that capture biometrics of all kinds,” said Bart Willemsen, research vice president at Gartner. “The collection and storage of biometric information is gaining, whether […]
According to the U.S. Bureau of Labor Statistics, the median annual wage for computer and information technology or IT jobs in May 2020 was USD 91,250. This is more than twice the median yearly wage of USD 41,950 for all other occupations in the same period. This proves the stereotype: IT professionals indeed draw some of the highest salaries today. It is not limited to the United […]
By Matein Khalid The wicked witch of Wall Street waved her ursine broomstick over the global financial market in mid-November and all hell broke loose on the US equity indices. The Nasdaq was slammed by 18% at its recent 13,350 low and has broken its 200 day moving average and dozens of its high multiple components are down 30, 40 and even 50% from their highs. The […]
SINGAPORE – Media OutReach – 15 February 2022 – Crypto financial service provider Babel Finance, recently announced its participation in the crypto derivatives platform Paradigm. Taking part in the US$35 million Series A funding round of Paradigm, Babel Finance’s crypto trading division can now access multi-asset, multi-protocol liquidity on demand. This can be done without compromising execution preferences, costs, or immediacy. Paradigm is an institutional liquidity network for derivative traders. Babel Finance’s investment in Paradigm’s […]
By James M Dorsey When Turkish finance minister Nureddin Nebati this week announced plans to encourage households to convert their gold holdings into Turkish liras in a bid to shore up Turkish central bank reserves, he was targeting people like Esra G. Ms. G., whose last name has been abbreviated to preserve her anonymity, has had a life-long troubled relationship with gold. When she was barely three years old, […]
Infor CloudSuite F&B instrumental in ensuring leading Kiwi recipe and meal giant achieve productivity and efficiency gains AUCKLAND, NEW ZEALAND – Media OutReach – 11 February 2022 – Infor, the industry cloud company, today announced that My Food Bag, a leading recipe and meal delivery service, has deployed Infor CloudSuite Food & Beverage (F&B) ERP to achieve organisational-wide transparency and full visibility of end-to-end profitability. Having experienced exponential growth over its […]
By Matein Khalid It is not the end, it is not even the beginning of the end but it is the end of the beginning. Churchill’s famous words express my own feelings about the latest psychotic Bitcoin cycle. This crypto-puppy was at an all time high of $68,990 last November but then plunged to $33,000 in its January lows. So whatever crypto is, it is definitely not […]
HONG KONG SAR – Media OutReach – 10 February 2022 – Tontec International, a global leader in the design and production of plastic injection molds and moldings, is accelerating its manufacturing transformation by adopting RISE with SAP, a Business-Transformation-as-a-Service offering. Headquartered in Hong Kong, Tontec has an expanding global presence, serving market-leading enterprises in the aerospace, automotive, industrial appliances and equipment, office appliances and medical devices industries. As an integral […]
Cannabis stores offer a wide variety of products that can cater to the needs of any cannabis consumer. Whether you are looking for flower, a large selection of concentrates, or edibles, cannabis stores like Canna Cabana have something to offer everyone. Opening a cannabis store can be a lucrative business venture, but if you don’t do your homework, you could make some costly marketing mistakes. In this […]
Enhancing benefits limits and deductible options, increasing value for money with more comprehensive coverage HONG KONG SAR – Media OutReach – 9 February 2022 – FWD Insurance (“FWD”) first introduced vPrime Medical Plan (“vPrime”, Certification Number: F00045), a flexi plan under the Voluntary Health Insurance Scheme (“VHIS”), in 2020. The plan has become increasingly popular in the local market with its innovative features, accounting for almost 30% of VHIS product […]
Atradius‘ latest economic report on the Middle East and North Africa (MENA) acknowledges the importance of the growth in oil prices for the energy-exporting economies of the region. However, it also notes the limits to growth presented by an underdeveloped private sector and the ongoing downside risks to the economic outlook caused by the pandemic. DUBAI, UAE – Media OutReach – 8 February 2022 – Rising oil prices are boosting economic […]
SINGAPORE – Media OutReach – 8 February 2022 – Zwipe, a biometric fintech pioneer, conducted a comprehensive consumer investigation in Singapore during Q4 2021 to study 150+ consumers’ payment preferences and feedback on biometric payment cards. Consumers’ feedback on biometric payment cards was extremely positive, indicating a strong demand for biometric payment cards. Below are some interesting facts from the survey: 88% of consumers would prefer their next payment card […]
A virtual week discussing how organisations can optimise their ESG performance. HONG KONG SAR – Media OutReach – 7 February 2022 – Online and in-person, February 14th-17th 2022 – Policymakers, businesses and thought leaders from major corporations will congregate online and at exclusive in-person sessions at Economist Impact’s Sustainability Week Asia from February 14th to 17th 2022. Asia is experiencing a surprisingly strong economic rebound following the global pandemic but […]
SINGAPORE – Media OutReach – 7 February 2022 – Alcon, the global leader in eye care dedicated to helping people see brilliantly, today announced it has appointed Chintan Desai and Stephanie Waugh to lead the company’s Surgical and Vision Care franchises in Asia Pacific (APAC) region. These new appointments reflect Alcon’s commitment to market-leading innovation and growth in the region. Both executives will build on Alcon’s product pipeline, year-to-date […]
When it comes to retirement planning, there are a lot of options to choose from. One popular choice is starting your own business. A business can provide you with an income during your retirement years, and it can also be a tax-advantaged way to save for retirement. This blog post will discuss some business ideas that can fund your retirement. Photo by energepic.com from Pexels 1) Start […]
By James M. Dorsey Iran recently scored not one but two soccer successes. Fans celebrated after the country’s national team qualified for the third consecutive time for the World Cup after beating Iraq 1:0 last week. It wasn’t just men celebrating. It was men and women mingling freely in a Tehran square. That was after men and women, albeit segregated, egged on their team in Tehran’s Azadi or Freedom Stadium. Although […]
HONG KONG SAR – Media OutReach – 28 January 2022 – Axion Global Asset Management Limited (“AGAM” or the “Company”), a subsidiary of Edvance International Holdings Limited (SEHK stock code: 1410.HK), is set to make its debut in the cryptocurrency space with a new flagship product, Smart Beta Fund SP (“Smart Beta Fund”), after receiving approval from the Securities and Futures Commission in Hong Kong (“SFC”) to […]
